I guess the correct answer is the GDP deflator but not in the consumer price index.
A decrease in the price of domestically produced nuclear reactors will be reflected in the GDP deflator but not in the consumer price index.
Answer:
C. Subsidized
Explanation:
According to the economic theory, subsidies could be used to counter market weaknesses and externalities so that greater economic performance is achieved. Subsidy refers to the release of funds from the government to an individual, business, or entity. This results in a decrease in the value of the subsidized product. This support could be either in the form of cash or kind and is usually given to support a social or economic policy. The purpose of the subsidy is to promote the interests of society. It is part of the government 's non-planned expenditure.
Answer:
(A) Shawn has a comparative advantage in the production of donuts.
Explanation:
Shawn renounce to less goods than Sue when producing donuts.
This meas, Shawn has a comparative advantage in the production of donuts as their cost from the economic point of view are lower.
This do not imply that Sue cannot outproduce Shawn, it means it cost her more than Shawn
For example, if Sue produce 10 Donuts, but to produce donuts resing to produce 20 of other goods, each donut has an opportunity cost of 2
While Shawn can produce 8 donuts and resing to produce 8 of other goods:
each donut has an opportunity cost of 1
Therefore, is better for the overall economy to Shawn produce donuts and trade with Sue for the other good.
Answer:
The correct option is A,debit salaries expense $9,900.00 and credit salaries payable $9,900.00
Explanation:
As at 31st December, which was a Wednesday, the company would have incurred salaries for three days i.e Monday-Wednesday.
If each day costs $3,300.00 in salaries ,hence three days would cost $9.900.00(3*$3,300.00) in total.
Since amount of salaries owed is $9,900.00, an entry has to passed in salaries payable account to show that the business has an obligation of $9,900.00 to settle by crediting salaries payable account and the corresponding debit entry would be in salaries expense account in order to recognize costs.
